Creating shared future for common prosperity, from vision to action

Updated 2018-01-26 10:23:03 Xinhua

The concept of building a community with a shared future for mankind has borne fruit as witnessed by the expanded ties between China and other countries, aimed at spreading prosperity across the globe.

At this year's Davos summit of political and business leaders, its theme of creating a shared future in a fractured world is relevant to the key points Chinese President Xi Jinping expounded in a speech in the Swiss alps last year which resonated with the wider public.

The concept, based on Chinese characteristics and the spirit of the time, illustrates China's global vision and responsibility as a major country in the face of profound changes taking place in the world today.

Having been welcomed by the international community, developing countries in particular, the idea has been translated into concrete actions through such initiatives as jointly building the Belt and Road.

REMARKABLE PROGRESS

Confronted with challenges of a sluggish global economic recovery, outbreaks of regional conflicts and intensifying global issues, China has been pushing ahead with reform, opening up and its socialist modernization drive, achieving breakthroughs on many fronts.

With more than 30 percent of global economic growth coming from China alone in the past five years, the country has served as a major stabilizing factor for the world.

In 2017, China's gross domestic product rose to 80 trillion yuan (12.3 trillion U.S. dollars). Realizing high-quality growth has become a must for sustaining a healthy social and economic development.

The world's largest developing and most populous country is expected to import 24 trillion dollars' worth of goods, attract 2 trillion dollars of inbound direct investment, and make 2 trillion dollars of outbound investment in the next 15 years.

Being an active advocate and strong force for world poverty alleviation, China has lifted more than 700 million people out of poverty since the start of its reform and opening-up drive in 1978, an achievement hailed by observers as "a humanitarian miracle the world has never seen."

It also set an ambitious target of lifting all people out of poverty by 2020.

The well-being of the Chinese people cannot be separated from that of humankind. In recent decades, China has offered much assistance and beneficiary loans for developing nations.

"China has become a big investor in Africa. Its direct investments are very helpful for economic development there," said Gerhard Stahl, visiting professor at the College of Europe in Bruges, Belgium.

Through the Forum on China-Africa Cooperation (FOCAC), China has "worked closely with African countries to come up with programs and financial resources to address poverty and underdevelopment in those countries," said Gerishon Ikiara, an economist with the University of Nairobi.

COMMON PROSPERITY

For the first time, the Chinese concept of building a community with a shared future for mankind was incorporated into a UN Security Council resolution in March 2017, a further recognition of China's contributions to global governance.

"The idea has been reflected in China's external policies and its cooperation with other countries," said Dr. Luu Bich Ho, former head of the Institute of Development Strategies under the Vietnamese Ministry of Planning and Investment. Specific cooperation programs have been outlined to align the Belt and Road Initiative with Vietnam's Two Corridors and One Economic Circle plan, Ho noted.

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